Stock Symbol: WGF: TSX-V

SASKATOON, Oct. 16 /CNW/ - Wescan Goldfields Inc. (WGF: TSX-V) ("Wescan") is pleased to announce that diamond drilling has commenced on the Wescan - Alto Ventures Ltd. (ATV: TSX-V) ("Alto") Mud Lake Joint Venture. Ten to twelve core holes will be drilled to test gold mineralization along the six kilometre Mud Lake Shear Zone, a region where gold occurs on surface and in drill intercepts that assay up to 13.9 grams per tonne ("g/t") gold across 1.0 metres ("m"). The high grade gold occurs within a wider zone of mineralization averaging 3.39 g/t gold across 6.1 m. This program is part of a longer term strategy to evaluate each of the gold targets with diamond drilling. Significant gold intercepts are highlighted on the Alto's website at www.altoventures.com.

The Mud Lake Project is operated under the terms of the Mud Lake Option Agreement which grants Wescan the right to earn 50% interest in the property by funding $600,000 in exploration and issuing a total of 150,000 Wescan shares to Alto over two years. Upon completion of this program, Wescan will have satisfied the expenditure commitments to earn its interest in the project.

The Mud Lake Property lies 25 km northeast of Beardmore and shares a common boundary with the Hercules Property located to the north of Mud Lake and where Kodiak Exploration Limited reported the discovery of significant gold mineralization.

Mike Koziol, P. Geo., P.Eng. and Alto's President and Director is the Qualified Person who has reviewed and approved this news release.

Wescan is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Wescan trade on the TSX Venture Exchange under the trading symbol "WGF".

"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release."

Caution Regarding Forward-Looking Statements

From time to time, Wescan makes written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbor" provisions of Canadian securities legislation. Wescan may make such statements in this press release, in other filings with Canadian securities regulators in reports to shareholders or in other communications. These forward-looking statements include, among others, statements with respect to the receipt of dispositions and permits from Saskatchewan Energy and Resources, Wescan's objectives for the ensuing year, our medium and long-term goals, and strategies to achieve those objectives and goals, as well as statements with respect to our beliefs, plans, objectives, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "suspect," "outlook," "believe," "plan," "anticipate," "estimate," "expect," "intend," and words and expressions of similar import are intended to identify forward-looking statements. In particular, statements regarding Wescan's future operations, future exploration and development activities or other development plans contain forward-looking statements.

All forward-looking statements and information are based on Wescan's current beliefs as well as assumptions made by and information currently available to Wescan concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, the receipt of dispositions and permits from Saskatchewan Energy and Resources, developments in world gold markets, risks relating to fluctuations in the Canadian dollar and other currencies relative to the US dollar, changes in exploration, development or mining plans due to exploration results and changing budget priorities of Wescan or its joint venture partners; the effects of competition in the markets in which Wescan operates; the impact of changes in the laws and regulations regulating mining exploration and development; judicial or regulatory judgments and legal proceedings; operational and infrastructure risks and the additional risks described in Wescan's most recently filed annual and interim MD&A and Wescan's anticipation of and success in managing the foregoing risks.

Wescan cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Wescan, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Wescan does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Wescan or on our behalf.

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